Baker McKenzie Advises AURELIUS on the Acquisition of Landis+Gyr’s EMEA Business

Baker McKenzie has advised AURELIUS, a global private equity investor, on the acquisition of Landis+Gyr's EMEA business. AURELIUS has entered into a purchase agreement to acquire the EMEA business of Landis+Gyr, which is listed on the SIX Swiss Exchange, for an enterprise value of USD 215 million. The transaction is subject to customary regulatory approvals and other closing conditions. It is expected to close in the second quarter of 2026.

The transaction includes the entire metering portfolio for residential electricity, ICG electricity, gas, heat and related integrated solutions for software, and services and operations in Europe, the Middle East and Africa.

Jakub Lorys, Corporate/M&A partner in Munich, who led the transaction, said: "We are pleased to have once again supported our client AURELIUS in a significant transaction. Especially in the currently challenging M&A market, the successful acquisition of Landis+Gyr's EMEA business is a notable success."

AURELIUS is a global private equity investor known and widely recognized for its outstanding operational approach. AURELIUS focuses on private equity, private debt and real estate. To date, AURELIUS has completed more than 300 transactions and has a long track record of generating attractive returns for its investors. AURELIUS has grown strongly in recent years, particularly through the expansion of its global presence, and today employs more than 400 people in nine offices in Europe and North America.

Landis+Gyr is a leading global provider of integrated energy management solutions. The company measures and analyzes energy usage to create meaningful analytics for the management of smart grids and infrastructures. The company generated sales of USD 1.7 billion in the 2024 financial year and employs around 6,300 people on five continents.

Baker McKenzie's Corporate/M&A practice regularly advises on national and international transactions. Most recently, Baker McKenzie advised the following companies, among others: Knorr-Bremse on the acquisition of duagon Group; Cheyne Capital on the refinancing of Kaffee Partner; JD.com on the acquisition of Ceconomy; VINCI Energies on the acquisition of R + S Group and the acquisition of Zimmer & Hälbig Group; Bristol Myers Squibb on the transfer of Juno Therapeutics to TQ Therapeutics; Sunoco on the acquisition of TanQuid Group; Georg Fischer on the acquisition of VAG Group; AURELIUS on the acquisition of Teijin Automotive Technologies; Centric Software on the acquisition of Contentserv Group; Fagron Group on the acquisition of Euro OTC & Audor Pharma GmbH; Berlin Packaging, a portfolio company of Oak Hill Capital Partners and Canada Pension Plan Investment Board, on the acquisition of RIXIUS AG; Instalco on the investment in FABRI AG; and AURELIUS on the acquisition of the Savoury Division of What's Cooking.

Legal adviser to AURELIUS:
Baker McKenzie

Lead:
Corporate/M&A:Dr. Jakub Lorys (partner, Munich), Dr. Alexander Fischer (partner, Zurich)

Team:
Corporate/M&A:Anna Giulia Klaas (associate, Munich), Nico Ruepp (associate, Berlin)
Tax:Thomas Gierath (partner, Munich)
Banking & Finance:Matthias Töke (partner, Frankfurt), Saskia Ilzhöfer (associate, Frankfurt)
Commercial & Trade:Dr. Philipp Schütt (counsel, Düsseldorf)
Real Estate:Dr. Daniel Bork (partner, Düsseldorf), Moritz Jander (associate, Düsseldorf)
Employment/Pension:Dr. Matthias Köhler (partner, Berlin), Dr. Felix Diehl (partner, Frankfurt), Annika Kißener (associate, Frankfurt), Paul Friese (associate, Berlin)
IP/IT:Patrick Wilkening (partner, Düsseldorf), Florian Tannen (partner, Munich), Daniel Wulle (senior associate, Munich), Anela Winzig (associate, Frankfurt), Clarissa Rach (associate, Munich), Yannick Filoda (associate, Düsseldorf), Felix Osiander (associate, Frankfurt), David Oberhuber (associate, Munich)
Public Law:Dr. Janet Butler (counsel, Berlin)
Trade Compliance:Dr. Anika Schürmann (partner, Düsseldorf), Pia König (senior associate, Munich)

Switzerland:
Dr. Matthias Trautmann (partner, Zurich), Susanne Liebel-Kotz (partner, Zurich), Roger Thomi (partner, Zurich), Christoph Stutz (partner, Zurich), Boris Wenger (partner, Zurich), Cathrin Marxer (senior associate, Zurich), Nadine Charrière (associate, Zurich), Johanna Moesch (associate, Zurich), Christophe Reitze (associate, Zurich), Dr. Sammy Guidoum (associate, Zurich), Zarina Füglister (associate, Zurich), Jan Lusti (associate, Zurich), Andreas Becker (associate, Zurich), Caroline dos Santos (associate, Genf), Kiara Sharifi (associate, Zurich), Anna Zellweger (associate, Zurich), Felix Maier (associate, Zurich), David Rohner (associate, Zurich)

France:
Michael Doumet (partner, Paris), Arnaud Cabanes (partner, Paris), Olivier Vasset (partner, Paris), Michaël Koubi (senior associate, Paris), Vanessa Chaillan (senior associate, Paris), Juliette Olliveaud (senior associate, Paris), Mehdi Achachera (associate, Paris), Roland Sèbe (associate, Paris), Jules Robert (associate, Paris), Léa Woodhouse (associate, Paris), Léa Amajjarkou (associate, Paris)

South Africa:
Ashlin Perumall (partner, Johannesburg), Rebecca Thomson (partner, Johannesburg), Kirsty Gibson (senior associate, Johannesburg), Fatima Ismail (senior associate, Johannesburg), Shane Johnson (senior associate, Johannesburg), Refentse Chuene (senior associate, Johannesburg), Khayakazi Thomas (associate, Johannesburg), Sihle Sibanyoni (associate, Johannesburg), Nomathole Nhlapo (associate, Johannesburg), Samantha Whitaker (associate, Johannesburg), Frederick Pedro (associate, Johannesburg), Jordan Moonsamy (associate, Johannesburg)

Turkey:
Duygu Turgut (partner, Istanbul), Zeynep Adiyaman (senior associate, Istanbul), Selen Senocak (associate, Istanbul), Bera Pektas (associate, Istanbul), Begum Bekar (associate, Istanbul), Ece Ogur (associate, Istanbul), Basak Dadas (associate, Istanbul)